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Home My WebLink AboutA046 - Annual Urban Renewal Report, Fiscal Year 2016-2017 AmILL11 Urban RencwLil Report, Fiscal Year 2016 - 2017 Levy Authority Summary Local Government Name: AMES Local Government Number: 85G811 U.R. #of Tif Active Urban Renewal Areas # Taxing Districts AMES COMMUNITY DEVELOPMENT PARK URBAN RENEWAL 85012 1 AMES SOUTH BELL AVENUE URBAN RENEWAL 85021 2 AMES ISU RESEARCH PARK URBAN RENEWAL 85023 2 AMES CAMPUSTOWN URBAN RENEWAL 85024 1 TIF Debt Outstanding: 4,203,472 TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2016 Cash Balance as of 07-01-2016: -407,378 0 Restricted for LMI TIF Revenue: 241,161 TIF Sp. Revenue Fund Interest: -3,541 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 237,620 Rebate Expenditures: 195,468 Non-Rebate Expenditures: 423,276 Returned to County Treasurer: 0 Total Expenditures: 618,744 T7F Sp. lZev. Fund Cash Balance Amount of 06-30-2017 Cash Balance as of 06-30-2017: 788,502 0 Restricted lot LMI Year-End Outstanding TIF Obligations, Net of TIF Special Revenue Fund Balance: 4,373,230 Created: Mon Oct 30 16:39:51 CDT 2017 Page 1 of 20 J-6 Annual Urban Renewal Report, Fiscal Year 2016 - 2017 n Urban Renewal Area Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES COMMUNITY DEVELOPMENT PARK URBAN RENEWAL UR Area Number: 85012 UR Area Creation Date: 11/1997 Enhance the availability of sites to accommodate the construction of new industrial and commercial buildings and encourage and support development that will UR Area Purpose: expand the tax base. Increment Tax Districts within this Urban Renewal Area Base Increment Value No. No. Used AMES CITY/AMES SCH/AMES COMMUNITY DEVELOPMENT PARK URBAN RENEWAL TIF 85526 85126 0 INCREM Urban Renewal Area Value by Class - 1/1/2015 for FY 2017 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 Homestead Credits TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2016 Cash Balance as of 07-01-2016: 0 0 Restricted for LMI TIF Revenue: 0 TIF Sp. Revenue Fund Interest: 0 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 0 Rebate Expenditures: 0 Non-Rebate Expenditures: 0 Returned to County Treasurer: 0 Total Expenditures: 0 TI11 F Sp.Rev. Futid Cash Balancc �� Amount of 06-30-2017 Cash Balance pwwww Restricted for LMI Created: Mon Oct 30 16:39:51 CDT 2017 Page 2 of 20 Annual Urban Renewal Report, Fiscal'Year 2016-'2017: All debt has been retired for this Urban Renewal District and property has been released to general taxation. 256 Characters Left Sum of Private Investment Made Within This Urban Renewal Area during FY 2017 Created: Mon Oct 30 16:39:51 CDT 2017 Page 3 of 20 Annual Urban Renewal Report, Fiscal Year 2016 - 2017 „h= TIF Taxing District Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES COMMUNITY DEVELOPMENT PARK URBAN RENEWAL (85012) TIF Taxing District Name: AMES CITY/AMES SCH/AMES COMMUNITY DEVELOPMENT PARK URBAN RENEWAL TIF INCREM TIF Taxing District Inc. Number: 85126 TIF Taxing District Base Year: 1997 UR Designation FY TIF Revenue First Received: 2000 Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 11/1997 statutorily ends: 2020 TIF Taxing District Value by Class - 1/1/2015 for FY 2017 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 0 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2017 43,167 0 0 0 0 FY 2017 TIF Revenue Received: 0 Created: Mon Oct 30 16:39:51 CDT 2017 Page 4 of 20 Urban Renewal Area Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES SOUTH BELL AVENUE URBAN RENEWAL UR Area Number: 85021 UR Area Creation Date: 01/2009 To expand the available inventory of fully serviced industrial land UR Area Purpose: within Ames. Increment Tax Districts within this Urban Renewal Area Base Increment Value No. No. Used AMES CITY/AMES SCH/SOUTH BELL AVENUE URBAN RENEWL TIF INCREM 85586 85186 2,030,484 AMES CITY AG/AMES SCH/SOUTH BELL AVENUE URBAN RENEWAL TIF INCREM 85587 85187 0 Urban Renewal Area Value by Class - 1/1/2015 for FY 2017 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 2,833,200 0 0 0 2,833,200 0 Taxable 0 0 2,549,880 0 0 0 2,549,880 0M Homestead Credits TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2016 Cash Balance as of 07-01-2016: -317,763 0 Restricted for LMI TIF Revenue: 44,992 TIF Sp. Revenue Fund Interest: -3,320 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 41,672 Rebate Expenditures: 0 Non-Rebate Expenditures: 118,076 Returned to County Treasurer: 0 Total Expenditures: 118,076 aSF nd CashBalance Amountol'06-30-2017 Cash Balance - t 394,167 0 > Restricted for LiYll Created: Mon Oct 30 16:39:51 CDT 2017 Page 5 of 20 ntwal urban Renewal I sport, Fiscal Ye it 2016 - 1-017 Projects For AMES SOUTH BELL AVENUE URBAN RENEWAL South Bell Infrastructure Description: Public Infrastructure for South Bell Area Classification: Roads, Bridges & Utilities Physically Complete: Yes Payments Complete: No Created: Mon Oct 30 16:39:51 CDT 2017 Page 6 of 20 ' eal Year 2016 - 2017, Debts/Obligations For AMES SOUTH BELL AVENUE URBAN RENEWAL 2009B GO Bonds Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 543,120 Interest: 54,722 Total: 597,842 Annual Appropriation?: No Date Incurred: 10/29/2009 FY of Last Payment: 2021 Created: Mon Oct 30 16:39:51 CDT 2017 Page 7 of 20 Non-Rebates For AMES SOUTH BELL AVENUE URBAN RENEWAL TIF Expenditure Amount: 118,076 Tied To Debt: 2009B GO Bonds Tied To Project: South Bell Infrastructure Created: Mon Oct 30 16:39:51 CDT 2017 Page 8 of 20 ♦ Atonal Urban RenLvval Report, Fiscal Yeai, 2016 - 201 TIF Taxing District Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES SOUTH BELL AVENUE URBAN RENEWAL (85021) TIF Taxing District Name: AMES CITY/AMES SCH/SOUTH BELL AVENUE URBAN RENEWL TIF INCREM TIF Taxing District Inc. Number: 85186 TIF Taxing District Base Year: 2008 UR Designation FY TIF Revenue First Received: 2010 Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 01/2009 statutorily ends: 2030 TIF Taxing District Value by Class - I/1/2015 for FY 2017 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 2,833,200 0 0 0 2,833,200 0 Taxable 0 0 2,549,880 0 0 0 2,549,880 0 � Homestead Credits Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2017 14,531 2,549,880 2,030,484 519,396 11,509 FY 2017 TIF Revenue Received: 44,992 TIF Taxing District Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES SOUTH BELL AVENUE URBAN RENEWAL (85021) TIF Taxing District Name: AMES CITY AG/AMES SCH/SOUTH BELL AVENUE URBAN RENEWAL TIF INCREM TIF Taxing District Inc. Number: 85187 TIF Taxing District Base Year: 2008 UR Designation FY TIF Revenue First Received: 2011 Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 01/2009 statutorily ends: 2031 TIF Taxing District Value by Class - 1/1/2015 for FY 2017 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 0 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2017 0 0 0 0 0 FY 2017 TIF Revenue Received: 0 Created: Mon Oct 30 16:39:51 CDT 2017 Page 9 of 20 ban Renewal��R ` ika Year ?016'- 2t 17 uh uR W Urban Renewal Area Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES ISU RESEARCH PARK URBAN RENEWAL UR Area Number: 85023 UR Area Creation Date: 11/2014 To promote economic development for Iowa State University Research Park by extending public UR Area Purpose: infrastructure. Increment Tax Districts within this Urban Renewal Area Base Increment value No. No. Used AMES CITY/AMES SCHASU RESEARCH PARK URBAN RENEWAL TIF INCREM 85628 85228 0 AMES CITY AG/AMES SCHASU RESEARCH PARK URBAN RENEWAL TIF INCREM 85629 85229 0 Urban Renewal Area Value by Class - 1/1/2015 for FY 2017 Agricultural Residential Commercial Industrial Other Military 'Total Gas/Electric Utility Total Assessed 0 1,238,500 25,888,400 0 0 -3,704 27,123,196 0 27,123,196 Taxable 0 688,928 23,299,560 0 0 -3,704 23,984,784 0 23,984,784 Homestead Credits 4 TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2016 Cash Balance as of 07-01-2016: -80,484 0 Restricted for LMI TIF Revenue: 0 TIF Sp. Revenue Fund Interest: -957 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: -957 Rebate Expenditures: 0 Non-Rebate Expenditures: 305,200 Returned to County Treasurer: 0 Total Expenditures: 305,200 }„ A` M ol'OO-30-2017 Cash Balance �o 0 Restricted for LMI Created: Mon Oct 30 16:39:51 CDT 2017 Page 10 of 20 Arimml Urhaii Renewal Depart, Fisc::il Year ?016 - `'017 Projects For AMES ISU RESEARCH PARK URBAN RENEWAL ISURP Infrastructure Extension Description: Extension of public infrastructure to serve ISURP Classification: Roads, Bridges & Utilities Physically Complete: Yes Payments Complete: Yes Created: Mon Oct 30 16:39:51 CDT 2017 Page 11 of 20 i ry , Annual Urban 1Zcncwat Report, Fiscal Year 2016 - 2017 Debts/Obligations For AMES ISU RESEARCH PARK URBAN RENEWAL General Obligation Series 2015A Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 2,725,000 Interest: 680,613 Total: 3,405,613 Annual Appropriation?: No Date Incurred: 11/13/2015 FY of Last Payment: 2027 Created: Mon Oct 30 16:39:51 CDT 2017 Page 12 of 20 aum'Emwmu"-'#,,-"Ann'ual'Urbaii Renew-al IZeporl., Fiscal Year 2016 2017 Non-Rebates For AMES ISU RESEARCH PARK URBAN RENEWAL TIF Expenditure Amount: 305,200 Tied To Debt: General Obligation Series 2015A Tied To Project: ISURP Infrastructure Extension Created: Mon Oct 30 16:39:51 CDT 2017 Page 13 of 20 i w ,Report, Fiscal Yc,�1r 201E - 2017 TIF Taxing District Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES ISU RESEARCH PARK URBAN RENEWAL (85023) TIF Taxing District Name: AMES CITY/AMES SCH/ISU RESEARCH PARK URBAN RENEWAL TIF INCREM TIF Taxing District Inc. Number: 85228 TIF Taxing District Base Year: 2014 UR Designation FY TIF Revenue First Received: 2017 Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 11/2013 statutorily ends: 2037 TIF Taxing District Value by Class - 1/1/2015 for FY 2017 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 1,238,500 25,888,400 0 0 -3,704 27,123,196 0 Taxable 0 688,928 23,299,560 0 0 -3,704 23,984,784 0 r _,, Homestead Credits � � Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2017 26,612,700 514,200 0 514,200 11,394 FY 2017 TIF Revenue Received: 0 TIF Taxing District Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES ISU RESEARCH PARK URBAN RENEWAL (85023) TIF Taxing District Name: AMES CITY AG/AMES SCH/ISU RESEARCH PARK URBAN RENEWAL TIF INCREM TIF Taxing District Inc. Number: 85229 UR Designation TIF Taxing District Base Year: 2014 Slum No FY TIF Revenue First Received: Blighted No Subject to a Statutory end date? No Economic Development No TIF Taxing District Value by Class - I/l/2015 for FY 2017 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 ' 0 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Gsed Fiscal Year 2017 474,600 0 0 0 0 FY 2017 TIF Revenue Received: 0 Created: Mon Oct 30 16:39:51 CDT 2017 Page 14 of 20 + Annual Urban Renewal Report, Fiscal Year 2016 2017 Urban Renewal Area Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES CAMPUSTOWN URBAN RENEWAL UR Area Number: 85024 UR Area Creation Date: 11/2013 The development of property improvements for retail and office uses within the Urban Renewal UR Area Purpose: Area. Base Increment Increment Tax Districts within this Urban Renewal Area Value No. No. Used AMES CITY/AMES SCH/CAMPUSTOWN URBAN RENEWALTIF INCREM 85630 85230 8,853,001 Urban Renewal Area Value by Class - 1/1/2015 for FY 2017 Agricultural Residential Commercial Industrial other Military Total Gas/Electric Utility Total Assessed 0 0 13,675,300 0 0 0 13,675,300 01" Taxable 0 0 12,307,770 0 0 0 12,307,770 0 Homestead Credits TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2016 Cash Balance as of 07-01-2016: -9,131 0 Restricted for LMI TIF Revenue: 196,169 TIF Sp. Revenue Fund Interest: 736 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 196,905 Rebate Expenditures: 195,468 Non-Rebate Expenditures: 0 Returned to County Treasurer: 0 Total Expenditures: 195,468 TIF Sp. Rev. Fund Cash Balance Amount of 06-30-2017 Cash Balance as of 06-30-2017: -7,694 0 Restricted for LMI Created: Mon Oct 30 16:39:51 CDT 2017 Page 15 of 20 4 Annual Urban Renewal Report, Fiscal Year 2016 -' 2017 Projects For AMES CAMPUSTOWN URBAN RENEWAL Campustown Kingland Building Description: Office and Retail Development Classification: Commercial - office properties Physically Complete: Yes Payments Complete: Yes Created: Mon Oct 30 16:39:51 CDT 2017 Page 16 of 20 Annual Urban Renewal Report, Fiscal Year 2016 - 2017 Debts/Obligations For AMES CAMPUSTOWN URBAN RENEWAL Campustown Urban Renewal Debt/Obligation Type: Rebates Principal: 200,017 Interest: 0 Total: 200,017 Annual Appropriation?: Yes Date Incurred: 11/10/2015 FY of Last Payment: 2017 Created: Mon Oct 30 16:39:51 CDT 2017 Page 17 of 20 Annual Urban Renewal Report, Fiscal Year'2016 - 2017 Rebates For AMES CAMPUSTOWN URBAN RENEWAL Kingland Building TIF Expenditure Amount: 195,468 Rebate Paid To: Kingland Systems Tied To Debt: Campustown Urban Renewal Tied To Project: Campustown Kingland Building Projected Final FY of Rebate: 2017 Created: Mon Oct 30 16:39:51 CDT 2017 Page 18 of 20 --% Annual Urban Renewal Report, Fiscal Year 2016 -'2017 Urban renewal area for Campustown Redevelopment. Rebate of TIF to Kingland Campus Properties per development agreement provides a total of$2,064,530 in tax rebate or a period of 10 years, whichever comes first. Subject to annual appropriation. 256 Characters Left Sum of Private Investment Made Within This Urban Renewal Area during FY 2017 Created: Mon Oct 30 16:39:51 CDT 2017 Page 19 of 20 Annual Urban Renewal Report, Fiscal Year 2016 - 2017 rWks TIF Taxing District Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES CAMPUSTOWN URBAN RENEWAL (85024) TIF Taxing District Name: AMES CITY/AMES SCH/CAMPUSTOWN URBAN RENEWALTIF INCREM TIF Taxing District Inc. Number: 85230 TIF Taxing District Base Year: 2014 UR Designation FY TIF Revenue First Received: 2017 Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 11/2013 statutorily ends: 2037 TIF Taxing District Value by Class - 1/1/2015 for FY 2017 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 13,675,300 0 0 0 13,675,300 0 13,675#3{lt Taxable 0 0 12,307,770 0 0 0 12,307,770 0 12307r770 0 Homestead Credits ' Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2017 3,467,200 10,208,100 8,853,001 1,355,099 30,027 FY 2017 TIF Revenue Received: 196,169 Created: Mon Oct 30 16:39:51 CDT 2017 Page 20 of 20